7 Reasons To Consider Investing Your Stimulus Check In Bitcoin

Forbes reports, ““After yet another day of heated debate in Congress, Americans are awaiting confirmation of their second stimulus checks by Monday.

“According to reports, both Democrat and Republican parties are now in agreement – the new relief package will include another one-time stimulus check of $1,200 per person (and $500 per dependent) for all individuals earning $75,000 or less. There have been other accounts that indicate the income requirement could be as low as $40,000, however.

“As unemployment remains at over 11% and many of the states are considering rolling back their reopening plans, most of us are looking forward to this welcome relief. Although many recipients will rush to deposit their checks into savings for a rainy day, here are the reasons why you should consider investing your $1,200 into Bitcoin instead.

Inflation

“The Federal Reserve’s balance sheet has increased by approximately $3 trillion since the start of the pandemic in March, or 14.3% of the 2019 GDP. We are likely to see an increase of $2 to $5 trillion more before the end of 2020. Although the U.S. has the privileged position of supplying the ‘world’s reserve currency’ making the U.S. Dollar in high demand during the pandemic, inflation is likely to catch up in the next 2-3 years, making your $1200 world less than before. Bitcoin, however, is a non-inflationary asset, with a finite amount of 21 million units, that has increased in price and adoption since its creation in 2009.

Hedge Against Wall Street

“Wall Street is experiencing an unprecedented and unexpected boom during a crisis, decoupling from the Main Street economy. The value of the American stock market today is approximately $35 trillion, while the U.S. GDP has decreased to below $21 trillion. Many argue that this is the perfect recipe for a crash. Bitcoin provides a hedge against traditional markets as an uncorrelated asset…”

Read the complete story on Forbes.